12th Aug 2026 11:00
(Alliance News) - Titon Holdings PLC on Wednesday said it expects adjusted earnings to decline in its current financial year, due to delays to projects.
Titon shares were down 5.3% to 90.00 pence each on Wednesday morning in London.
The Colchester, England-based manufacturer and supplier of ventilation systems said its Mechanical Ventilation Systems business continued to perform well, helped by improved sales and customer service, among others.
However, Titon noted delayed MVS projects and lower Window & Door Hardware sales, resulting in narrowed margins. A number of customer projects have been rescheduled into financial year 2027, it said.
Titon expects revenue of around GBP17 million for the financial year ended ending September 30, which would be up 7.5% from GBP15.8 million the year prior. However, Titon guided underlying adjusted earnings before interest, tax, depreciation and amortisation of around GBP300,000, down 63% from GBP811,000.
Chief Executive Officer Tom Carpenter said: "While FY26 margins have been affected by project timing and lower manufacturing volumes, we expect improvement during FY27 as volumes recover and our operational initiatives deliver benefits.
"With a strong balance sheet, net cash position and clear strategic priorities, we remain confident in the group's medium and long-term prospects."
By Tom Budszus, Alliance News slot editor
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